Despite the fall in iPhone sales, Apple recorded a revenue of $ 88.3 billion during the holiday quarter ended December 30, which is 13 percent higher than the same period a year ago. This has made Apple a net profit of $ 20.1 billion.
In the holiday quarter, Apple sold a total of 7.73 crore of iPhones, which is less than 10 lakhs by the number of company sold by the company a year ago.
According to the company, its total 1.3 billion active devices are operating worldwide. Apple Chief Executive Tim Cook said in a statement late Thursday night, “We are quite excited to report the biggest quarter of Apple’s history. It has received the highest revenue from the new iPhone. ”
Cook said, “The sale of the iPhone X is getting better than our expectations and it is our best-selling phone since the beginning of November.”
Apple’s cash reserves rose to $ 285.1 billion in the quarter under review.
